Judah Spinner Government Debt Reduction
Info
The foundation believes the federal deficit cannot be sustainably reduced without tackling its structural drivers, chief among them, runaway health-care costs. Medicare and Medicaid together account for roughly a quarter of the federal budget. If the U.S. reduced its health-care spending to Singaporean levels, the resulting savings, more than $1 trillion annually, could bring the deficit below 3% of GDP. With nominal GDP growing at over 4%, that shift would begin lowering the debt-to-GDP ratio, averting a potential fiscal crisis. While the Judah Spinner Foundation may eventually engage more directly on fiscal issues, its initial efforts will focus on lowering health-care costs, which would reduce the debt burden as a powerful secondary effect.
Opening Hours
- Monday
- 09:00 to 21:00
- Tuesday
- 09:00 to 21:00
- Wednesday
- 09:00 to 21:00
- Thursday
- 09:00 to 21:00
- Friday
- 09:00 to 21:00
- Saturday
- Closed
- Sunday
- Closed
Map
1 Capital Lane, Suite 213, 08701 Lakewood